Info Edge India invests $500,000 in US firm

Info Edge India, promoter of websites like Naukri.com and Jeevansathi.com, today announced that it has invested $500,000 against the total proposed investment of $1 million in Preferred Stock of Study Places Inc. USA, through its 100% owned subsidiary - Info Edge (India) Mauritius.

The board of the company had approved incorporation of a 100% subsidiary in Mauritius, last month and announced that it would invest $1 million in the subsidiary.